By Natalie Dolce

NEW YORK CITY--As recent events such as the collapse of the I-35W Bridge in Minneapolis on Aug. 1, show, public infrastructure requires investment to make safety repairs and maintenance. The private sector could provide a major part of the solution for governments struggling to fund these projects, according a recent report by Ernst & Young titled "Investing in Global Infrastructure 2007: An Emerging Asset Class."

The huge capital demands of large-scale infrastructure projects around the world--running into more than a trillion dollars over the next decade--will likely create intense competition among governments to attract private investment.

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Posted by rjorr at September 12, 2007 8:57 PM